More than 100 Israeli entrepreneurs in talks for Chinese investment

The large turnout is a sign of burgeoning east Asian interest in the “Start-Up Nation” – with 70 translators helping to grease the wheels between the two sides.

By
June 5, 2018 22:17
2 minute read.
Israeli start-up founders and entrepreneurs met with hundreds of Chinese investors at the GoForIsrae

Israeli start-up founders and entrepreneurs met with hundreds of Chinese investors at the GoForIsrael Conference. (photo credit: Courtesy)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

More than 100 Israeli start-up founders and entrepreneurs wined and dined with hundreds of Chinese investors at the GoForIsrael Conference in the Chinese city of Foshan last week.

The large turnout is a sign of burgeoning east Asian interest in the “Start-Up Nation” – with 70 translators helping to grease the wheels between the two sides.

Be the first to know - Join our Facebook page.


“More than 800 one-on-one meetings were held between Chinese investors and Israeli companies, which continued well after the conference ended,” said Haggai Ravid, CEO of Cukierman & Co. Investment House. “All the Israeli companies have received a great deal of interest.”

The Israeli companies pitching themselves specialize in fields such as artificial intelligence, the “Internet of Things,” life sciences, cybersecurity and autonomous driving technologies.

“I was surprised by the amount of investors and their interest in Israeli technology… [for] our penetration into the Chinese market,” said Meron Leibovich, who runs global sales for Real Imaging, an Israeli startup developing tools for early detection of breast cancer.

So far this year, Chinese investment into Israel is showing mixed signs of success.

The number of Chinese investments in Israeli venture capital funds has declined since the banner year of 2014, dwindling from nine to three, according to an IVC Research Center report from February. Similarly, the total amount of money raised by funds with the participation of Chinese investors has also gone down, from $1.3 billion in 2014 to $360 million so far this year.

All of that can partly be explained by Chinese regulatory confusion that has since been resolved.

In August 2017, the Chinese government issued new rules on overseas investments – cracking down on acquisitions of real estate and sports teams while encouraging Chinese investors to buy up technology. That paves the way for Chinese investment in Israeli hi-tech once more.


In 2016 – prior to much of the regulatory confusion – Chinese money coming into Israel had surged more than tenfold to a record $16.5 billion, putting the country on track to overtake the US as the number one source of foreign private investment in the Jewish state.

Chinese investors hailed from Alibaba, the e-commerce giant – whose CEO, Jack Ma, visited Israel in May – as well as from the country’s largest insurer Ping An, Sailing Capital, GF Securities, Fosun, Haitong Securities and others.

For CuraLife, an Israeli nutritional supplement company which already operates in China, the conference provided additional exposure.

“Chinese investors and businessmen flew especially from across the country to meet us in Foshan,” said CuraLife CEO Ron Elul.

Sponsored by the Cukierman & Co. Investment House, Catalyst CEL Fund and Rits Leaguer Group, the Foshan conference comes on the heels of the annual GoForIsrael Conference in Tel Aviv held earlier this year.

Also attending were Israel’s Ambassador to China, Zvi Heifetz, and Israel’s Counsel General in Guangzhou, Nadav Cohen – who noted the city of Foshan’s role in China’s “One Belt, One Road” project, creating a vast metropolis of technological innovation.

This is the second time that the conference was held in China, following the inaugural one in Shanghai in September 2016.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

December 14, 2018
Netanyahu to appoint Immigration Absorption Minister in the next week

By LAHAV HARKOV